TransDigm Group (NYSE:TDG) Rating Reiterated by Royal Bank of Canada

TransDigm Group (NYSE:TDG)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research note issued on Thursday, Benzinga reports. They presently have a $1,500.00 target price on the aerospace company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 16.43% from the stock’s current price.

Several other research analysts have also issued reports on TDG. Citigroup lifted their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Robert W. Baird increased their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Finally, Susquehanna increased their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,410.13.

TransDigm Group Stock Performance

Shares of TDG stock traded down $12.52 during trading hours on Thursday, hitting $1,288.31. 14,109 shares of the company were exchanged, compared to its average volume of 211,742. TransDigm Group has a one year low of $802.46 and a one year high of $1,369.57. The stock has a market capitalization of $72.09 billion, a price-to-earnings ratio of 51.10, a P/E/G ratio of 2.23 and a beta of 1.39. The business’s 50-day simple moving average is $1,299.00 and its two-hundred day simple moving average is $1,180.83.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company earned $5.39 EPS. As a group, analysts anticipate that TransDigm Group will post 29.99 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares in the company, valued at approximately $66,967. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,674,906.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,833 shares of company stock worth $131,249,183. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors increased its holdings in TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares during the period. Capital Research Global Investors raised its stake in shares of TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after acquiring an additional 192,962 shares during the period. Finally, Norges Bank acquired a new stake in shares of TransDigm Group during the 4th quarter valued at about $790,822,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.